The Gig Economy Is Under Attack, But Not for the First Time

Posted by & filed under App Economy, Gig economy, Uber.

Moving quickly against Silicon Valley’s brilliant 21st Century labor arbitrage, California’s state senate approved legislation on Wednesday intended to reclassify many more workers as employees. Just a day after passage by the state assembly, the vote sent the bill, known simply as AB5, that could restructure much of the so-called gig economy to Gov. Gavin… Read more »

Would you buy shares in Uber?

Posted by & filed under Uber.

For sale: shares in a company that has already burned through $27bn (£20.7bn; €24bn) in cash, will burn through tens of billions more of its new shareholders’ money, has never made a profit and won’t for many years – if ever. Sounds too bad to be true, but that is precisely what is on offer… Read more »

Uber aims for $90bn stock market debut

Posted by & filed under Payment Technology, Uber.

Uber has revealed that it is seeking a valuation of $90bn (£70bn) in its much anticipated stock market flotation. The taxi-app firm has said that its shares will be priced at between $44 and $50 each, with the share issue set to raise about $10bn. As part of the offer it will sell $500m worth of… Read more »

Uber’s Secret Tool for Keeping the Cops in the Dark

Posted by & filed under Ethical issues, Uber.

At least two dozen times, the San Francisco headquarters locked down equipment in foreign offices to shield files from police raids. Source: BusinessWeek Date: January 16th, 2018 Link: https://www.bloomberg.com/news/articles/2018-01-11/uber-s-secret-tool-for-keeping-the-cops-in-the-dark?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social Discussion 1) Should it be okay for a U.S. company to be able to avoid local government inspections based on legally obtained search warrants? 2) In what other ways might… Read more »

What Uber Learned from a Year of Self Driving

Posted by & filed under Self-driving vehicles, Uber.

Ride hailing company Uber took to the streets of Pittsburgh in late 2016 with self-driving cars. Here’s what riders and the company learned from letting robots take the wheel. Source: Wired Magazine Date: January 3rd, 2018 Link: https://www.wired.com/video/what-uber-learned-from-a-year-of-self-driving Discussion 1) Why is a ride-hailing company so focused on self-driving vehicles? 2) Is Uber a tech company, a car… Read more »

Uber’s Plan to Launch Flying Cars in LA by 2020 Really Could Take Off

Posted by & filed under Risks and Controls, Transportation Market, Uber.

Instead driving my car in heavy traffic I’d whip out my phone and pull up UberAIR in the company’s app. I’d head to the roof of the nearest tall building and hop into the gleaming white helicopter-drone hybrid thing waiting there to lift me up and over the traffic at 200 mph. Source: Wired Magazine Date: November… Read more »

Uber to share data to help ease city congestion

Posted by & filed under Big Data, Business Analytics, Electronic Surveillance, Ethical issues, Uber.

Uber is launching a website outlining how its cars move around cities, in an effort to appease city authorities who have long called for more data sharing.  It will provide data on dozens of cities from next month.  Uber’s transportation data could help cities to improve traffic flow.  The controversial app-based taxi service had previously… Read more »